Emirates NBD reported earnings results for the twelve months ended December 31, 2016. For the period, the company reported total income of AED 14,748 million a decrease of 3% compared to AED 15,228 million a year ago. Operating profit before impairment charges was AED 9,860 million compared to AED 10,509 million a year ago. Operating profit was AED 7,252 million compared to AED 7,102 million a year ago. Net profit was AED 7,239 million compared to AED 7,124 million a year ago. The increase in net profit was driven by asset growth and higher recoveries which helped offset lower non-interest income. EPS was AED 1.20 compared to AED 1.18 a year ago. Return on tangible equity was 19.6% compared to 21.5% a year ago. Net interest income was declined 1% AED 10,111 million as loan growth was more than offset by a contraction in margins.